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Category Archives: Financial System

Net Worth of the American Presidents: Washington to Trump

24/7 Wall St: “Though the presidency of the United States is a prestigious job, it does not pay as well as one might think. The annual presidential salary is $400,000, While this is still within the top 1% of American earners, it is very little when compared to the typical compensation given to America’s CEOs… Continue Reading

Dow Jones – 100 Year Historical Chart

Macrotrends: “Interactive chart of the Dow Jones Industrial Average stock market index for the last 100 years. Historical data is inflation-adjusted using the headline CPI and each data point represents the month-end closing value. The current month is updated on an hourly basis with today’s latest value. The current price of the Dow Jones Industrial… Continue Reading

FCW – White House looks to cut workforce, civilian-side funding

Federal computer Week: “…In its proposal, the White House terms the current civil service system “a relic of an earlier era,” and calls the laws and regulations surrounding hiring, pay, performance management and retirement “complex and outdated.” One of the proposed reforms to the civil service includes a pay freeze for civilian employees in 2019;… Continue Reading

President’s Budget FY19 and associated documents

Addendum to the President’s FY19 Budget to Account for the Bipartisan Budget Act of 2018 An American Budget – President’s Budget FY 2019 Major Savings and Reforms Mid-Session Review FY 2018 Analytical Perspectives Appendix Historical Tables Supplemental Materials Fact Sheets Supplementals, Amendments, and Releases Past President’s Budgets See also Politico – “The White House released… Continue Reading

Economist – Democracy Index 2016 – US downgraded to “flawed democracy”

The Economist Intelligence Unit: “According to the 2016 Democracy Index almost one-half of the world’s countries can be considered to be democracies of some sort, but the number of “full democracies” has declined from 20 in 2015 to 19 in 2016. The US has been downgraded from a “full democracy” to a “flawed democracy” because… Continue Reading

OPM Report – Understaffing, lack of training at agencies hampering agency services to public

Washington Post – “Shortages of employees — a common feature of troubled government programs — are hampering a range of services to the public and stressing the federal workforce, the government’s central personnel agency said Wednesday. The report comes just ahead of a White House budget proposal that is expected to include plans for carrying out… Continue Reading

36 indicted in global cybercrime ring that stole $530M

DOJ: “A federal indictment was unsealed today charging 36 individuals for their alleged roles in the Infraud Organization, an Internet-based cybercriminal enterprise engaged in the large-scale acquisition, sale, and dissemination of stolen identities, compromised debit and credit cards, personally identifiable information, financial and banking information, computer malware, and other contraband. Following the return of a… Continue Reading

CRS – What Causes a Recession?

What Causes a Recession? February 2, 2018 IN10853 “At 104 months, the current economic expansion is already the third longest on record, and it will equal the second longest if it persists until April. This expansion, like all previous ones, will eventually end and be followed by a recession. Few economists are forecasting a recession… Continue Reading

Federal Debt and the Statutory Limit, January 2018

Federal Debt and the Statutory Limit, January 2018 “After incorporating the anticipated effects of recent tax legislation and actual spending and revenue amounts in December into its calculations, CBO now projects that the Treasury’s ability to borrow additional funds using extraordinary measures will be exhausted—and it will most likely run out of cash—in the first… Continue Reading

European Commission launches the EU Blockchain Observatory and Forum

1 February 2018: “The Commission launched today the EU Blockchain Observatory and Forum with the support of the European Parliament, represented by Jakob von Weizsäcker responsible for the recent report on virtual currencies. The Blockchain Observatory and Forum will highlight key developments of the blockchain technology, promote European actors and reinforce European engagement with multiple… Continue Reading

Blockchain, Cryptocurrency and the Law

The Path to Cryptomania – Bitcoin and Beyond by Daniel Martin Katz. Posted on February 1, 2018. Computational Legal Studies. “These materials will review the factors leading up to Bitcoin and other follow on Crypto offerings. We consider whether the massive increase in crypto related investments could simply be (yet) another asset bubble. However, this… Continue Reading

World Bank Report Finds Rise in Global Wealth, but Inequality Persists

“Global wealth grew significantly over the past two decades but per capita wealth declined or stagnated in more than two dozen countries in various income brackets, says a new World Bank report. Going beyond traditional measures such as GDP, the report uses wealth to monitor countries’ economic progress and sustainability. The Changing Wealth of Nations… Continue Reading